Articles in this Issue: The Sneaky Impact of Behavioral Economics. Another Option for IRA Withdrawals, Top Investment Risks, & What is Your Share of Income Taxes?
Unlike standard economics, which suggest that, as humans, we understand the full implications of our actions, behavioral economics allows that the impact of psychological, social and emotional factors creates a flawed decision-making process.
The Employee Retirement Income Security Act of 1974 (ERISA) created IRA accounts as a way of encouraging personal savings, which was needed to replace the disappearing corporate pension.
Since its bottom on March 9, 2009, the stock market has had a very good run, with the S&P 500 up approximately 205% through March 31, 2015.
You are just recovering from the exercise of settling your 2014 federal tax debt. The question you now ask is how does my tax burden relate to the average U.S. tax filer?